Takes effect on June 01, 2017, the Decree No. 44/2017/ND-CP dated April 14, 2017 of the Government on the rate of contribution to the occupational accident and disease insurance fund.
In accordance with regulations in this Decree, employers shall monthly contribute to the occupation accident and disease insurance fund with the rates as 0.5% of the salary fund for the employees such as Persons working under indefinite-term labor contracts, definite-term labor contracts, seasonal labor contracts or contracts for given jobs with a term of between full 3 months and under 12 months, including also labor contracts signed between employers and at-law representatives of persons aged under 15 years in accordance with the labor law; Persons working under labor contracts with a term of between full 1 month and under 3 months; Cadres, civil servants and public employees; Defense workers, public security workers and persons doing other jobs in cipher organizations; Officers and professional army men of the people’s army; officers and professional non-commissioned officers and officers and technical non-commissioned officers of the people’s public security; and persons engaged in cipher work and enjoying salaries like army men on which the social insurance premiums are based, except for domestic caretakers; 0.5% of the statutory pay rate applied to Non-commissioned officers and soldiers of the people’s army; non-commissioned officers and soldiers on definite-term service in the people’s public security; army, public security and cipher cadets who are entitled to cost-of-living allowance…Employers who are enterprises, cooperatives, household businesses and cooperatives engaged in agriculture, forestry, fishery or salt-making that pay product-based or piecework-based salaries shall make monthly payments at the rates; the payment may be made every month, every 3 months or every 6 months.
Above payment is applicable from June 01, 2017 and based on the capacity for balancing the insurance fund for occupational accidents and occupational diseases, the Government shall adjust the insurance fund for occupational accidents and occupational diseases premium rates January 1, 2020. Employees having short-term contracts shall contribute to the occupational accident and disease insurance fund as of January 1, 2018.
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